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This statement bugs me because it is a large source of confusion for new people. Your funds are spendable by your private key. Your private key is stored on Me
by dhsysusbsjsi 4y ago
This statement bugs me because it is a large source of confusion for new people.
Your funds are spendable by your private key. Your private key is stored on Metamask, Ledger or a piece of paper.
It’s an important distinction to make. Your hardware wallet is just a custodian of your private key.
- benjaminwootton 4y agoThat bugs me too. Almost every document out there talks about storing coins in your wallet. It’s actually a private key in there. Maybe with the right language, more people might be tempted to hold their own keys and eschew centralised exchanges.